Nicole and Roxanne want to put up a twenty bed boarding house along the University Belt A study of other boarding houses shows that they would need the following Beds and mattresses Ph3000 Lockers and cabinets Ph500 Furniture for receiving rooms Ph500 Furniture for dining room h1500 Tools, Equipment, and Utensils for Kitchen Ph2000 They can secure a Ph2500 loan from an Employee's Cooperative, of which they are members 1 Assuming they will need an initial working fund of Ph500, how much more capital must be raised to finance his business 2 If you were their accountants would you capitalize the required expenditures Why In which Financial Statements will you recognize them 4 How will they be recorded as entries in the financial statementfs)

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Nicole and Roxanne want to put up a twenty bed boarding house along the University Belt  A study of other boarding houses shows that they would need the following  Beds and mattresses Ph3000 Lockers and cabinets Ph500  Furniture for receiving rooms Ph500 Furniture for dining room  h1500  Tools, Equipment, and Utensils for Kitchen Ph2000  They can secure a Ph2500 loan from an Employee's Cooperative, of which they are members 1  Assuming they will need an initial working fund of Ph500, how much more capital must be raised to finance his business  2  If you were their accountants would you capitalize the required expenditures  Why  In which Financial Statements will you recognize them  4 How will they be recorded as entries in the financial statementfs)

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Nicole and Roxanne want to put up a twenty-bed boarding house along the University Belt. A study of other boarding houses shows that they would

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